A distribution business has used several bank loans to finance its expansion plans. After a fire destroyed the company's facility and inventory, it went out of business due to the loss of revenue during the month it was closed. What type of insurance coverage should the company have had to prevent its demise?

• A.Property
• B.Business interruption
• C.General liability
• D.Cost reimbursement

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Company XYZ is now required to make electronic payments by its suppliers. To prevent an increase in costs, the company shoulD.

• A.institute a modified RSA system for its inventory.
• B.negotiate a change in payment timing with its suppliers.
• C.institute a just-in-time inventory system.
• D.negotiate a change in cash disbursement with its concentration bank.

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The owner of XYZ Company just completed an initial public offering. Which of the following is the MOST LIKELY outcome?

• A.The owner will gain more operational control.
• B.The company will save on accounting costs.
• C.The company will increase productivity.
• D.The owner will be able to diversify his personal portfolio.

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A Euro denominated payment can be settled through all of the following EXCEPT:

• A.Correspondent Banking.
• B.ACSS (Automated Clearing Settlement System).
• C.TARGET (Trans-European Automated Real-Time Gross Settlement Express Transfer System).
• D.EBA (Euro Bankers Association).

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Which of the following correctly describes pooling as practiced in the European cash management environment?

• A.The accounts of a parent company and its subsidiaries may be aggregated.
• B.It is accomplished through multicurrency accounts in one country.
• C.It can be facilitated between banks.
• D.A company need not arrange credit facilities for negative balances.

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